Eurozone business activity slows in February

Business activity in the eurozone hit a 13-month low in February, according to the latest figures from financial data provider Markit. The eurozone composite Purchasing Managers' Index (PMI), a monthly gauge of activity in the manufacturing and services sectors, fell for the second month in a row to 52.7 in February from a revised reading of 53.5 in January. This was widely off analysts' estimates. The disappointing data "greatly increase the odds of more aggressive stimulus from the ECB in March," said Chris Williamson, chief economist at Markit. The manufacturing sector PMI stood at a... This article is part of our premium content. Full story is available on Times of Malta Premium.

from timesofmalta.com http://ift.tt/1VLmwI8
via IFTTT